News Formal

US banking industry grapples with credit rating cuts and rising consumer debt amid interest rate hikes

  • 📰 News4SA
  • ⏱ Reading Time:
  • 1 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 4%
  • Publisher: 63%

Business News News

Business Business Latest News,Business Business Headlines

Moody's cut the credit rating of several U.S. banks on Monday and said it may downgrade some of the nation's bigger lenders.

The health of the nation's banks is back in focus following news that Moody's downgraded 10 U.S. banks and put others on notice.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 251. in BUSİNESS

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

U.S. stocks open lower after weak China trade data, Moody’s downgrades U.S. banksU.S. stock indexes opened lower on Tuesday with financial stocks tumbling after Moody’s downgraded the credit rating of several small- to mid-sized U.S. banks and said it may lower the ratings on six major banks including U.S. Bancorp, State Street Corp., and Bank of New York Mellon Corp.
Source: MarketWatch - 🏆 3. / 97 Read more »